Offering car loans from $5,000 to $25,000, Jacaranda Finance's rates start at 10.48% p.a. (12.56% p.a. comparison rate*) depending on a customer's individual credit score

In assessing customers, Jacaranda Finance uses the ratings of Excellent, Very good, Good, Okay and Average. 

Those with an average credit score can expect to receive a rate of 18.95% p.a. (29.80% p.a. comparison rate*). 

Customers can opt for a loan term with Jacaranda from 12 to 36 months, with repayments to be made either weekly, fortnightly or monthly. 

Jacaranda Finance's car loans are designed to cut down the time it takes for Aussies with an average credit score to get finance approved for a new set of wheels, claiming customers are able to receive approval and settlement in as little as 60 minutes.

Jacaranda Finance CEO Daniel Wessels said too much of the commentary and advertising around car loans is focused upon the top percentile of borrowers and leaves out the majority of people seeking car finance.

“If you go online and search for car loans, you’ll probably find a website advertising ultra-low interest rates of sub-5 per cent, telling you to apply for the lowest-rate loan you can find,” Mr Wessels said.

“But in reality, these loans are only actually available for the best of the best: the lenders offering them won’t accept you if you don’t have extremely perfect credit."


In the market for a new car? The table below features car loans with some of the lowest interest rates on the market.

Update resultsUpdate
LenderCar LoanInterest Rate Comparison Rate* Monthly Repayment Interest Type Vehicle Type Maximum Vehicle Age Ongoing Fee Upfront Fee Total Repayment Early Repayment Instant Approval Online Application TagsFeaturesLinkCompare
6.24% p.a.
7.36% p.a.
1 year
  • Available for purchasing new and demo vehicles
  • $5,000 to $150,000 loan amount
  • Redraw facility available up to $5000/day
  • Required: Good credit history, stable employment history. Aus citizenship or PR.
6.34% p.a.
8.36% p.a.
1 year
6.57% p.a.
7.19% p.a.
No Max
Loan amounts from $2k to $75k
  • Available for any new motorised vehicle
  • No ongoing or early exit fees
  • 1-7 years loan terms. Pay monthly, fortnightly, or weekly
  • Get quick decision. Funds in 24 hrs if approved
6.09% p.a.
7.21% p.a.
1 year
  • Discounted rate on qualifying electric cars
  • Up to 7 yrs loan term
  • Redraw available up to $5,000/day
Important Information and Comparison Rate Warning

All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here.

The comparison rates in this table are based on a loan of $30,000 and a term of 5 years unless indicated otherwise. The comparison rates for car loans and secured personal loans for the relevant amounts and terms are for secured loans unless indicated otherwise. The comparison rates for unsecured personal loans are applicable for unsecured loans only. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.

Monthly repayment figures are estimates only, exclude fees and are based on the advertised rate for the term and for the loan amount entered. Actual repayments will depend on your individual circumstances and interest rate changes. Rates correct as of . View disclaimer.

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